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Chicago PMI Bounce Is Dead, Crashes Back Near 6 Year Lows
Following Milwaukee ISM's plunge to 15-month lows this morning with a plunge in new orders (missing for 4 of last 5 months), Chicago PMI printed a disappointing 46.2 (against expectations of a slight rise to 53.0 from 52.3 last month) - lower than the lowest economist estimate. After last month's modest (dead-cat) bounce back from winter's collapse to 6 year lows, this re-collapse is hardly the kind of Q2-recovery-reinforcing data the mainstream wants. With the level now back at the same when Lehman hit, New Orders, Production, and Employment all contracted in May. Chicago PMI breakdown... Forecast range 51 - 55 from ... (full story)
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- May 29, 2015 10:02am May 29, 2015 10:02am
- vj.tradefx
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- yunyoungro
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don't find the correct answer in market. just feel it and follow the wave.
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